Do Share Allocations to the Indigenous Investor Drive the Demand for IPOs?

Do Share Allocations to the Indigenous Investor Drive the Demand for IPOs?

The purpose of this paper was to investigate the impact of allocating shares to the indigenous (<i>Bumiputera</i>) investors on the oversubscription ratio of IPO. This factor is unique to Malaysian IPOs and would enable us to reflect the signaling theory. Data on 348 IPO firms listed on...

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Bibliographic Details
Main Authors: Ahmad Hakimi Tajuddin, Kanesh Gopal, Rasidah Mohd-Rashid, Waqas Mehmood, Elkhan Richard Sadik-Zada
Format: Article
Language:English
Published: MDPI AG 2023-04-01
Series:Economies
Subjects:
indigenous
<i>Bumiputera</i>
IPO
oversubscription
signaling
firm size
Online Access:https://www.mdpi.com/2227-7099/11/4/117

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https://www.mdpi.com/2227-7099/11/4/117

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